M/I Homes Downgraded to Underperform at Zacks (MHO)
M/I Homes (NYSE:MHO) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Friday. They currently have a $19.60 target price on the stock. Zacks‘s price objective suggests a potential downside of 4.30% from the company’s current price.
Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of M/I Homes in a research note on Thursday. They now have a $24.00 price target on the stock, down previously from $27.50. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.53.
Shares of M/I Homes (NYSE:MHO) opened at 20.48 on Friday. M/I Homes has a 1-year low of $17.82 and a 1-year high of $26.30. The stock’s 50-day moving average is $22.76 and its 200-day moving average is $23.09. The company has a market cap of $501.2 million and a price-to-earnings ratio of 3.91.
M/I Homes (NYSE:MHO) last released its earnings data on Thursday, July 24th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. The company had revenue of $275.14 million for the quarter, compared to the consensus estimate of $264.70 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. Analysts expect that M/I Homes will post $1.54 EPS for the current fiscal year.
M/I Homes, Inc is a builder of single-family homes. The Company consists of two distinct operations and reporting segments: homebuilding and financial services.
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